Ameriprise Financial Inc. Buys 35,340 Shares of Fossil Group, Inc. (FOSL)

Ameriprise Financial Inc. lifted its stake in Fossil Group, Inc. (NASDAQ:FOSL) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 260,358 shares of the accessories brand company’s stock after purchasing an additional 35,340 shares during the quarter. Ameriprise Financial Inc. owned about 0.54% of Fossil Group worth $2,694,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FOSL. BlackRock Inc. increased its stake in Fossil Group by 19,301.2% during the first quarter. BlackRock Inc. now owns 5,209,210 shares of the accessories brand company’s stock worth $90,900,000 after acquiring an additional 5,182,360 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Fossil Group by 3,915.2% during the second quarter. JPMorgan Chase & Co. now owns 2,514,634 shares of the accessories brand company’s stock worth $26,027,000 after acquiring an additional 2,452,006 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Fossil Group by 86.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,746,955 shares of the accessories brand company’s stock worth $30,484,000 after acquiring an additional 810,769 shares during the last quarter. Pacifica Capital Investments LLC increased its stake in Fossil Group by 95.6% during the second quarter. Pacifica Capital Investments LLC now owns 1,220,167 shares of the accessories brand company’s stock worth $12,629,000 after acquiring an additional 596,346 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Fossil Group by 1,481.4% during the second quarter. Wells Fargo & Company MN now owns 499,264 shares of the accessories brand company’s stock worth $5,167,000 after acquiring an additional 467,692 shares during the last quarter.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, August 3rd. Buckingham Research cut their target price on Fossil Group from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Bank of America Corporation set a $7.00 target price on Fossil Group and gave the stock a “sell” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reissued an “underperform” rating and set a $7.00 target price (down previously from $8.00) on shares of Fossil Group in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $13.00 target price on shares of Fossil Group in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Fossil Group has a consensus rating of “Hold” and a consensus price target of $15.90.

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In related news, insider Gregory A. Mckelvey purchased 32,798 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $8.51 per share, for a total transaction of $279,110.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Darren E. Hart purchased 14,347 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $6.99 per share, with a total value of $100,285.53. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 114,945 shares of company stock valued at $923,917. 12.80% of the stock is owned by insiders.

Fossil Group, Inc. (NASDAQ:FOSL) opened at 8.34 on Tuesday. The stock’s market capitalization is $404.67 million. The company has a 50-day moving average price of $8.86 and a 200-day moving average price of $10.71. Fossil Group, Inc. has a 12-month low of $6.80 and a 12-month high of $36.87.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The firm had revenue of $596.80 million during the quarter, compared to the consensus estimate of $617.89 million. During the same period in the prior year, the firm earned $0.12 EPS. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, equities research analysts forecast that Fossil Group, Inc. will post ($0.11) earnings per share for the current year.

Fossil Group Company Profile

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

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Institutional Ownership by Quarter for Fossil Group (NASDAQ:FOSL)

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